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Dec 4, 2015
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we also spoke to the columbia university professor jeffrey sachs earlier today, and he was saying we ment but it will probably be a watered-down one. jeffrey: there is no time or taste for the really tough agreements, and when you have the president of the united states basically maneuvering so that he does not have to put the signed agreement back to the senate, you know that you cannot go as far as the rest of the world actually would like to go. on the other hand, i think there is a will not to let this whole thing crack, he does this meeting is five years in the making. this is not just the last six months. five years we have been talking about this week, that if we miss this one, there is no backstop. is jeff sachs at columbia university, making comments here in paris this morning. comments were made 10 years ago by the mayor of london, mayor livingstone really got started the idea of cities at the time 20, gettingumber, together to figure out what to do at the local level. mark watts worked for him and is now the director of c 40. it is now a larger organization. mark: about a t
we also spoke to the columbia university professor jeffrey sachs earlier today, and he was saying we ment but it will probably be a watered-down one. jeffrey: there is no time or taste for the really tough agreements, and when you have the president of the united states basically maneuvering so that he does not have to put the signed agreement back to the senate, you know that you cannot go as far as the rest of the world actually would like to go. on the other hand, i think there is a will not...
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Dec 15, 2015
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tom: long ago and far away, you studied with jeffrey sachs.e any study you your academic that suggested a central bank and get out in front of events, or by definition, is any central bank a reactive touche in? being: some can be close to reactive. one of the things right now is symmetry. suppose they move too fast, too soon. then the economy could be stalling and going back to conventional policy is a mistake. suppose we were more cautious and if the economy is strong and it nation picks up, you are behind the curve, but you can tighten faster. within theymmetry's risk of living too soon or too late to stop therefore, people are questioning why the fed should stop raising rates right now. tom: your phrases have become iconic in this great contraction in the financial crisis. are you still on the qe watch? mr. obedience: i am with the following caveats. central banks have decided not just to go to zero policy rates, but negative policy rates in the eurozone, denmark, switzerland and so on. it is a trade-off. you can do more quantitative easing
tom: long ago and far away, you studied with jeffrey sachs.e any study you your academic that suggested a central bank and get out in front of events, or by definition, is any central bank a reactive touche in? being: some can be close to reactive. one of the things right now is symmetry. suppose they move too fast, too soon. then the economy could be stalling and going back to conventional policy is a mistake. suppose we were more cautious and if the economy is strong and it nation picks up,...
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Dec 3, 2015
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. ♪ scarlet: coming up tomorrow, we have jeffrey sachs, columbia university professor.e will be joining "surveillance" at 5:00 a.m. eastern time. do not miss that conversation. what did you miss? let's get to mark crumpton. mark: investigators have not ruled out any possible motives for the massacre wednesday in california. president obama spoke in the oval office and addressed the possibility the killings were an act of terrorism. >> this is now and the eye fbistigation -- an investigation being done in cooperation and consultation with local law enforcement. it is possible that this was terrorist-related. but we don't know. it is also possible that this was workplace-related. mark: a witness said one of the suspects left a holiday gathering, returned, and then began shooting. u.s. attorney general loretta lynch says the justice department will be offering "any and all assistance necessary" as the investigation continues. the results of this investigation, we do not know a lot right now. one thing is clear -- violence like this has no place in this country and in this
. ♪ scarlet: coming up tomorrow, we have jeffrey sachs, columbia university professor.e will be joining "surveillance" at 5:00 a.m. eastern time. do not miss that conversation. what did you miss? let's get to mark crumpton. mark: investigators have not ruled out any possible motives for the massacre wednesday in california. president obama spoke in the oval office and addressed the possibility the killings were an act of terrorism. >> this is now and the eye fbistigation -- an...
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Dec 21, 2015
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jeffrey sachs chaired the commission for the who and it said in approved health in order to get a morebrant economy. and i thought at the time the recommendation to spend billions patrolling hiv, tuberculosis and valerio was great and i'm sure i would rather the world spent on those things and whatever else they spend billions on so that was great. but as i said at the beginning of this conversation, i didn't see it as an instrument of economic growth, i saw bad economic and social conditions. she said it he said it would be quite good to get the backing so they set up the commission on the social determinants of health and now i found myself in tears her incognito -- care for the week of terror incognito and i didn't know anything about the process globally. we have traffic commissioners who did know a thing didn't know a thing or two about the policy and they have been presidents, government ministers and they were really wise and helpful and brought a lot of the wisdom to bear on the question. i still wouldn't claim that i know how to influence the power to the policy process. what
jeffrey sachs chaired the commission for the who and it said in approved health in order to get a morebrant economy. and i thought at the time the recommendation to spend billions patrolling hiv, tuberculosis and valerio was great and i'm sure i would rather the world spent on those things and whatever else they spend billions on so that was great. but as i said at the beginning of this conversation, i didn't see it as an instrument of economic growth, i saw bad economic and social conditions....
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Dec 21, 2015
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jeffrey sachs chaired the commission on the who and it said in approved health in order to get a morebrant economy. we thought that it was great but we saw better social and economic conditions. so i said why don't we set up a group to see that and he said it would be quite good to get them backing for it so they set up the commission on social determinants of health and now i found myself in terror incognito. i was trying to bring the best evidence, and i didn't know anything about the policy process globally. we have such terrific commissioners who didn't know a thing or two in the government ministers and they brought in with their wisdom to their on the question. it's what we did as a commission and what i do as an individual. was presented in the clearest way we know how but if you ask me how to we get from there to there to the best presentation of the evidence to getting policy change i can tell you when we managed it but i'm not quite sure that i understand why. >> host: it goes into the policy blackbox. >> guest: the study that blackbox and we can say grace but put it togethe
jeffrey sachs chaired the commission on the who and it said in approved health in order to get a morebrant economy. we thought that it was great but we saw better social and economic conditions. so i said why don't we set up a group to see that and he said it would be quite good to get them backing for it so they set up the commission on social determinants of health and now i found myself in terror incognito. i was trying to bring the best evidence, and i didn't know anything about the policy...
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Dec 3, 2015
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to discuss local efficiencies, including the mayor of rio de janeiro, scared -- scheduled also, jeffrey sachsl talk to us about the economics, the cost and benefit analysis of trying to get to less global warning. we will be in paris tomorrow. right now from london, this is "bloomberg surveillance." ♪ caroline: welcome back, this is "bloomberg surveillance." u.s.,reaking across coming off of yesterday's selloff. getting over what janet yellen said toward rate hikes for the future. first, let's get on to our bloomberg business flash. >> an hour from now, the european central bank is scheduled to announce his decision on interest rates. surely afterward, mario draghi is expected to unveil more steps to boost the economy. investors think they will cut by 10 basis points. deutsche bank is among the leading skeptics about the pound sterling. protecting it will fall 15% more by the end of next year. that would put the pound at its lows level in 30 years. the pound was trading earlier at less than $1.50. cutting the credit ratings of a large u.s. banks from among those lowered one notch, jp morgan,
to discuss local efficiencies, including the mayor of rio de janeiro, scared -- scheduled also, jeffrey sachsl talk to us about the economics, the cost and benefit analysis of trying to get to less global warning. we will be in paris tomorrow. right now from london, this is "bloomberg surveillance." ♪ caroline: welcome back, this is "bloomberg surveillance." u.s.,reaking across coming off of yesterday's selloff. getting over what janet yellen said toward rate hikes for the...
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Dec 16, 2015
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tom: long ago and far away at nyu, you studied with jeffrey sachs.any study that in your academic suggesting a central bank can get in front of by definition, is any central bank a reactive institution? >> some could be proactive as opposed to reactive. one of the dilemmas that the fed is facing is symmetry. if they move too fast too soon, the economy could stall because of shock making them go back to zero in commercial market policy . if they are more cautious and move more slowly, if the economy is strong and inflation to except, you can still have a little faster. it is symmetry, the risk of moving too soon or too late, suggesting you want to be cautious. people are questioning if the fed should raise rates now. some of the complexities on macroeconomics. michael mckee knows that it is about the operational aspects of the fed. he is an expert on some of the many choices the fed has today. : we have complication, confusion, and volatility the fed has to raise five interest rates. funds rate,he fed what they would borrow from each other if they wer
tom: long ago and far away at nyu, you studied with jeffrey sachs.any study that in your academic suggesting a central bank can get in front of by definition, is any central bank a reactive institution? >> some could be proactive as opposed to reactive. one of the dilemmas that the fed is facing is symmetry. if they move too fast too soon, the economy could stall because of shock making them go back to zero in commercial market policy . if they are more cautious and move more slowly, if...
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Dec 15, 2015
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long ago and far away, you started with jeffrey sachs.there any studies that you did that suggested a central bank could get out in front of events, by definition, is any central bank a reactive institution? >> some central banks can be proactive as opposed to reacting. one of the dilemmas that that is facing is there is a symmetry. suppose they moved to soon. externaluse of an shop, they make a policy decision, and they go back to zero, and that is a mistake. suppose they were more cautious and started slowly. up, you can picks still tighten faster. so this is symmetry between the risk of moving to soon and too late. this suggests that you want to be cautious. people are questioning whether the fed should start to raise rates for now. 5 has become iconic within our great contraction and over this crisis. are you still watching the? quantitativen to easing, central banks have decided not only to go to zero policy rates, but now negative policy rates in denmark, sweden, switzerland. it is a bit of a trade-off. you can do more quantitative
long ago and far away, you started with jeffrey sachs.there any studies that you did that suggested a central bank could get out in front of events, by definition, is any central bank a reactive institution? >> some central banks can be proactive as opposed to reacting. one of the dilemmas that that is facing is there is a symmetry. suppose they moved to soon. externaluse of an shop, they make a policy decision, and they go back to zero, and that is a mistake. suppose they were more...
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Dec 15, 2015
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tom: you studied with jeffrey sachs.you did suggested a central bank could of events, ornt by definition, is any central bank a reaction? nouriel: some central banks can be proactive instead of reactive and one dilemma the fed is right now, suppose they move soon, the economy could be stalling maybe because of external shock and then making a policy mistake. caution more slowly, if economists are strong and inflation picks up, you can type a little faster. moving too soon or too late, you want to be cautious. therefore people are questioning whether the fed should be right now. david: he set up the dilemma well. what should the fed be looking at and how do you reckon with -- how do you reconcile those two numbers? none of it, you worry about unemployment getting too low because then it feeds wage pressure which feeds cost pressure. it is the beginnings of the tiny little sense that wages are improving. here is the point. inyou look at where we are recovery, the fed is raising rates desolate in raising rates. only startin
tom: you studied with jeffrey sachs.you did suggested a central bank could of events, ornt by definition, is any central bank a reaction? nouriel: some central banks can be proactive instead of reactive and one dilemma the fed is right now, suppose they move soon, the economy could be stalling maybe because of external shock and then making a policy mistake. caution more slowly, if economists are strong and inflation picks up, you can type a little faster. moving too soon or too late, you want...
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Dec 15, 2015
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jeffrey sachs and vali nasr, thank you both.he best kind of holiday... is the kind where everyone gets what they wished for. make this holiday extra happy when you buy one get one free on our most popular smartphones... like the samsung galaxy s6. buy one get one free. so spread some cheer. and capture every minute of it. right now at at&t, buy one get one free on our most popular smartphones. when a moment turns romantic why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting mor
jeffrey sachs and vali nasr, thank you both.he best kind of holiday... is the kind where everyone gets what they wished for. make this holiday extra happy when you buy one get one free on our most popular smartphones... like the samsung galaxy s6. buy one get one free. so spread some cheer. and capture every minute of it. right now at at&t, buy one get one free on our most popular smartphones. when a moment turns romantic why pause to take a pill? or stop to find a bathroom? cialis for...